Lecap Asset Management Ltd. Invests $1.07 Million in AECOM $ACM

Key Points

• Lecap Asset Management Ltd. has invested approximately $1.07 million in AECOM by purchasing 9,487 shares during the second quarter.
• AECOM recently reported earnings of $1.34 EPS, exceeding expectations, and anticipates FY 2025 guidance of 5.200-5.300 EPS.
• The company declared a quarterly dividend of $0.26 per share, with an annualized yield of 0.8%, scheduled for payout on October 17th.

Lecap Asset Management Ltd. purchased a new stake in shares of AECOM (NYSE:ACM - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 9,487 shares of the construction company's stock, valued at approximately $1,071,000.

Several other institutional investors and hedge funds have also recently modified their holdings of ACM. Nuveen LLC acquired a new position in shares of AECOM during the 1st quarter valued at about $78,900,000. The Manufacturers Life Insurance Company boosted its position in shares of AECOM by 421.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 936,273 shares of the construction company's stock valued at $86,821,000 after acquiring an additional 756,859 shares during the last quarter. Northern Trust Corp lifted its stake in shares of AECOM by 33.2% in the 1st quarter. Northern Trust Corp now owns 2,218,412 shares of the construction company's stock valued at $205,713,000 after purchasing an additional 553,519 shares during the last quarter. Strs Ohio acquired a new position in shares of AECOM in the 1st quarter valued at $24,732,000. Finally, Amundi lifted its stake in shares of AECOM by 16.6% in the 1st quarter. Amundi now owns 1,683,266 shares of the construction company's stock valued at $156,096,000 after purchasing an additional 239,608 shares during the last quarter. Institutional investors and hedge funds own 85.41% of the company's stock.

AECOM Price Performance

ACM opened at $130.44 on Thursday. The stock's 50-day moving average price is $123.16 and its 200 day moving average price is $110.85. AECOM has a 12-month low of $85.00 and a 12-month high of $133.81. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91. The firm has a market cap of $17.28 billion, a price-to-earnings ratio of 28.42, a PEG ratio of 1.93 and a beta of 1.03.

AECOM (NYSE:ACM - Get Free Report) last posted its earnings results on Monday, August 4th. The construction company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.09. AECOM had a return on equity of 27.87% and a net margin of 3.82%.The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $4.33 billion. During the same quarter in the prior year, the company earned $1.16 EPS. AECOM's revenue was up 6.2% on a year-over-year basis. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. As a group, sell-side analysts expect that AECOM will post 5.1 earnings per share for the current year.

AECOM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Wednesday, October 1st will be given a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. AECOM's dividend payout ratio (DPR) is currently 22.66%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Citigroup reaffirmed a "buy" rating and issued a $137.00 price target (up previously from $122.00) on shares of AECOM in a research note on Monday, July 28th. Wall Street Zen raised AECOM from a "hold" rating to a "buy" rating in a research note on Friday, September 26th. Barclays upped their price target on AECOM from $120.00 to $130.00 and gave the company an "overweight" rating in a research note on Tuesday, August 12th. KeyCorp upped their price target on AECOM from $129.00 to $131.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Finally, UBS Group upped their price target on AECOM from $126.00 to $139.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Nine research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, AECOM has a consensus rating of "Buy" and a consensus target price of $128.44.

Insider Transactions at AECOM

In other AECOM news, CEO Troy Rudd sold 53,097 shares of the stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $119.56, for a total value of $6,348,277.32. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.41% of the stock is owned by corporate insiders.

AECOM Profile

AECOM, together with its subsidiaries, provides professional infrastructure consulting services worldwide. It operates in three segments: Americas, International, and AECOM Capital. The company offers planning, consulting, architectural and engineering design, construction and program management, and investment and development services to public and private clients.

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